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You can thank the Feds for handing out gigantic, cheap, guaranteed loans to millions of kids, without regard for their future financial stability. Schools see t
by overcast 10y ago
You can thank the Feds for handing out gigantic, cheap, guaranteed loans to millions of kids, without regard for their future financial stability. Schools see this easy money, jack up prices year after year, and now we have an entire generation of people who are completely broke with shit degrees. There used to be a time when kids could work their way through school doing summer jobs. That time was before the federal government got involved. Sad really. Thankfully I was one of the few to land a good job before school even finished, and I'm still only just paying it off this year, 11 years later. I can't imagine the photo/art/liberal kids paying off my debt.
Also. Bankruptcy does not wipe out school debt!
- taurath 10y agoThe states used to subsidize funding and stopped - what could be done better here? I don't see states raising taxes to cover education any time soon.
- overcast 10y agoMaking school affordable enough that students can actually WORK student level jobs to pay for it. If easy money wasn't being handed out, the schools would have no choice but to lower their fees. I stepped onto the RIT campus as a freshmen in 1998, and total costs per year were north of $35,000. Expecting a clueless kid to understand what that means is insane.
- mjevans 10y agoA new New Deal, where everyone can HAVE a job, and if the government can't help you find one that fits your needs they pay you to retrain instead.